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A proposed $1 billion development near the Ernest N. Morial Convention Center in New Orleans could soon bring massive growth to the area. The center's governing board has applied for zoning changes to what they're calling the Trade District.

A proposed $1 billion development near the Ernest N. Morial Convention Center in New Orleans could soon bring massive growth to the area. The center's governing board has applied for zoning changes to what they're calling the Trade District.

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Updated: 6:08 PM CDT Sep 14, 2016

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WEBVTT WHICH WILL BE FUNDED BYPRIVATE DEVELOPERS.IF THE RE-ZONING CHANGES AREAPPROVED, THE CONVENTION CENTERAUTHORITY WOULD HAVE THE OPTIONTO CONSTRUCT A HOTEL UP TO320-FEET IN HEIGHT, ALTHOUGHSPOKESMAN FOR THE DEVELOPMENTSAID ALL PLANS ARE STILLTENATIVE.>> I THINK IT WILL BE A GREATECONOM IMPACT FOR THE CITY ANDIT IS -- AND CERTAIN JOBS WILLCOME ABOUT BECAUSE OF THEDESTRUCTION.-- THE CONSTRUCTION.NATALIE: THE HOTEL WOULD BEBUILT ACROSS THE STREET, ANDCATER TO THOSE VISITING THECONVENTION CENTER.THE IDEA IS THE 'TRADE DISTRICT'DEVELOPMENT WOULD MAKE THE AREAAROUND THE CONVENTION CENTERMORE LIVABLE AND WALKABLE, ANDPROVIDE ADDITIONAL SHOPPING ANDDINING OPPORTUNITIES FORRESIDENTS AND TOURISTS.>> THERE ARE SMALL BUSINESSES IIMAGINE ARE STRUGGLING, WECERTAINLYP PAS THEM FROM CANALSTREET.SO I THINK IT WILL BE A BOOST TOTHE AREA, JUST IN TERMS OF

A proposed $1 billion development near the Ernest N. Morial Convention Center in New Orleans could soon bring massive growth to the area. The center's governing board has applied for zoning changes to what they're calling the Trade District.

A proposed $1 billion development near the Ernest N. Morial Convention Center in New Orleans could soon bring massive growth to the area. The center's governing board has applied for zoning changes to what they're calling the Trade District.